Great Eastern’s 9M 2024 earnings jump 39% YoY

Total weighted new sales and new business embedded value rose 19% YoY.\

Great Eastern’s nine months to September (9M 2024) earnings attributable to its shareholders surged 39% year-on-year (YoY) to S$860.5m.

The period’s higher earnings were supported by higher profits from its insurance business and favourable investment results, the company said in a bourse filing.

The company's total weighted new sales (TWNS) and new business embedded value (NBEV) during the period rose 19%YoY driven by strong sales in Singapore and Malaysia, whilst NBEV increased by 13%.